New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2012
07:23 EDTIM, CTXS, EMC, FLEX, DELL, PLXS, MU, SCSC, SNX, AMD, TECDRaymond James to host a conference
2012 Technology & IT Supply Chain Conference is being held in New York on December 11.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 17, 2015
19:25 EDTCTXSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Jack in the Box (JACK), up 3.7%... Vipshop Holdings (VIPS), up 2.2%. ALSO HIGHER: Universal Insurance (UVE), up 5.3% after issuing a statement saying that Lakewood Capital Management's statement was misleading... Norfolk Southern (NSC), up 2% after confirming a merger offer from Canadian Pacific (CP). LOWER: Citrix Systems (CTXS), down 1.8% after announcing operational review and the spin off of its GoTo family of products.
19:22 EDTCTXSCitrix to cut 1,000 full-time, contract jobs
Subscribe for More Information
16:34 EDTCTXSCitrix to hold a conference call
Management provides the results of its on-going operational and strategic reviews, as well as its business outlook for fiscal year 2016 and 2017 on a conference call to be held on November 17 at 4:45 pm. Webcast Link
16:14 EDTCTXSCitrix sees FY16 revenue up 1%-2%
Subscribe for More Information
16:14 EDTCTXSCitrix announces increase of focus on core enterprise strategy
Citrix Systems announced the initial results of its operations review. The decisions made will allow the company to significantly increase focus on its core enterprise strategy of secure and reliable delivery of applications and data, and consequently build a more efficient, scalable and profitable company. Immediate actions include rationalizing the company's current product portfolio, realigning and optimizing operations and resources, and a restructuring of its labor force. Key conclusions and initial plans from the company's operational review include, but are not limited to: A determination that a spinoff of the GoTo family of products into a separate public company is in the best interest of all stakeholders, allowing both companies to enhance its strategic focus and respective competitive positions, while permitting Citrix to improve operational efficiency. Please see news release here for additional detail. Plans to increase emphasis and resources to core enterprise products for secure and reliable application and data delivery, including XenApp, XenDesktop, XenMobile, ShareFile and NetScaler. To achieve this focus, the company will end investment in certain other products and programs, in some cases moving technologies into strategic products, in other cases providing an orderly end-of-life to non-core products. The evaluation of all products, technologies, offerings and programs is ongoing, and will focus on enterprise readiness, ability to drive customer value, and growth and profitability prospects. A realignment of resources that is expected to eliminate about 1,000 full-time and contract roles, excluding the effect of spinning off the GoTo business. The restructuring will focus on simplification of the company's enterprise go-to-market motion and roles while improving coverage, reflect changes in the company's product focus, and balance resources with demand across the company's marketing, general and administration areas. The majority of these actions will take place in November 2015 and in January 2016. As a result of these actions, Citrix said it expects to achieve approximately $200M in annualized pre-tax cost savings, with approximately 75% of those cost savings anticipated to be realized in FY16. Citrix currently expects to incur pre-tax charges in the range of approximately $65M-$85M related to employee severance arrangements during the Q4 of FY15 and during FY16.
16:12 EDTCTXSCitrix targets at least 28% non-GAAP operating margin for FY16
Subscribe for More Information
16:12 EDTCTXSCitrix targets at least 30% non-GAAP operating margin for FY17
Subscribe for More Information
16:11 EDTCTXSCitrix sees FY16 non-GAAP EPS $4.40-$4.50, consensus $4.21
16:09 EDTCTXSCitrix apppoints Tim Minahan as Chief Marketing Officer
Subscribe for More Information
16:07 EDTCTXSCitrix to spin off GoTo family of products
Citrix Systems announced plans to spin off its GoTo family of products into a separate, publicly traded company. The transaction, which is intended to be a tax-free spinoff to Citrix shareholders, is expected to be completed in the second half of 2016. Citrix's announcement to pursue a separation follows a thorough review of strategic alternatives for the GoTo family of products. Citrix believes that this strategic decision will allow Citrix and the company established by the spinoff to enhance their strategic focus and respective competitive positions, while permitting Citrix to improve operational efficiency. Immediately following the separation, Citrix shareholders will own shares in two publicly traded companies: The company established as a result of the spinoff will be made up of GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice. This company will more effectively allocate resources in line with its own market opportunity, unique growth priorities and go-to-market capabilities, as well as adapt more quickly to SaaS market and customer dynamics; and, Citrix, which will focus on its strategic solutions for secure and reliable delivery of applications and data. Upon completion of the separation, Chris Hylen, who currently serves as senior vice president and general manager of the Citrix Mobility Apps Business Unit, will serve as CEO of the new company. Citrix plans to provide further details about the board and management team as it works towards completion of the separation. Citrix will disclose additional information regarding the spinoff, including historical financial and capitalization information, in a Form 10 to be filed with the SEC on a future date. The name of the new company will be determined in the coming months.
11:51 EDTCTXSCitrix management to meet with Pacific Crest
Subscribe for More Information
11:10 EDTMUMicron the most likely target for Tsinghua stake, says Macquarie
Macquarie analyst Deepon Nag highlighted yesterday that Tsinghua Unigroup Chairman Zhao Weiguo told Reuters in an interview that his company was in talks with a U.S. semiconductor company, and that a deal could be announced as early as the end of the month. Zhao stated that a majority stake was unlikely due to regulatory concerns. Given recent moves by China in the memory market, Micron (MU) is the most likely target for Tsinghua, Nag wrote in a note to investors. Tsinghua recently announced a 15% stake in Western Digital (WDC) at a 33% premium to the company's prior closing price. A similar premium for Micron would lead to a 15% stake in Micron for $20 per share, which would equal $3.4B, the analyst points out. Shares of Micron are up 46c, or 3%, to $15.35 in late morning trading. Nag has an Outperform rating on Micron with a $30 price target.
11:03 EDTMUTsinghua Chairman says in talks with U.S.-based chipmaker, Reuters reports
Subscribe for More Information
11:02 EDTMUMicron calls active on speculation of a Chinese investment
Micron November 15.5 and 16 calls are active on total call volume of 27K contracts (12K puts) on speculation of a Chinese investment. November call option implied volatility is at 65, December is at 55; compared to its 52-week range of 28 to 74. Active call volume suggests traders taking positions for upside price movement.
07:56 EDTMUUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
November 16, 2015
16:43 EDTMUGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).
09:37 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
07:50 EDTCTXSUBS to hold a conference
Subscribe for More Information
05:57 EDTMUDRAMeXchange: Q3 Mobile DRAM sales rise 18%, DigiTimes says
Mobile DRAM revenue in Q3 was up 18% sequentially to $4.55B, reports DigiTimes. According to DRAMeXchange, SK Hynix made the largest contribution to the growth with revenues surging 30.5% to $1.2B while Samsung remained the largest DRAM supplier with revenue increasing 16.5% to $2.58B. Samsung continued to hold a more than 50% share of the global mobile DRAM market in the quarter. Reference Link
November 13, 2015
09:20 EDTEMCCisco CEO says 'certainly have ability to acquire'
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use